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| IPO Listing At | BSE, NSE |
| IPO Issue Type | Book Build Issue |
| Issue Size | ₹740.00 Cr |
| Fresh Issue | ₹370.00 Cr |
| Offer for Sale | ₹370.00 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹61.00-65.00 per share |
| Discount | Retail: 0.00 |
| BSE Code | 543667 |
| NSE Code | INOXGREEN |
| Registrar | MUFG Intime India Pvt.Ltd. |
| Lead Managers | Dam Capital Advisors Ltd. |
| Allotment Status | |
| DRHP |
| RHP |
| Final Prospectus |
| Anchor List |
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Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 230 shares and in multiples thereof
Incorporated in 2012, Inox Green Energy Services Limited is one of the major wind power operation and maintenance ("O&M") service providers within India. The company is a subsidiary of Inox Wind Limited ("IWL"), a company which is listed on the National Stock Exchange of India Limited and BSE Limited, and part of the Inox GFL group of companies.
Inox Green Energy services Limited provides exclusive O&M services for all WTGs sold by IWL through the entry of long-term O&M contracts between the WTG purchaser and ourselves for terms which typically range between five to 20 years.
The company is engaged in the business of providing long-term O&M services for wind farm projects, specifically the provision of O&M services for wind turbine generators ("WTGs").
As of March 31, 2022, the company has a team of 393 employees including managers with extensive experience in the O&M of WTGs and the wind industry generally.
The company has a presence in Gujarat, Rajasthan, Maharashtra, Madhya Pradesh, Karnataka, Andhra Pradesh, Kerela and Tamil Nadu.
The company's total revenue (from the continuing operations i.e. the O&M business) was Rs 1,721.66 million, Rs 1,722.48 million and Rs 1,653.15 million for Fiscals 2022, 2021 and 2020, respectively.
Strengths:
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment and/ or pre-payment, in full or part, of certain borrowings availed by the Company including redemption of Secured NCDs in full; and | 260.00 |
| 2 | General corporate purposes | 78.69 |
| Period Ended | 30 Jun 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 2,127.74 | 2,120.65 | 2,692.80 | 2,339.86 |
| Total Income | 63.16 | 190.23 | 186.29 | 172.16 |
| Profit After Tax | -11.58 | -4.95 | -27.73 | 1.68 |
| NET Worth | 795.00 | 806.63 | 42.96 | 96.54 |
| Reserves and Surplus | 0.00 | 0.00 | 0.00 | |
| Total Borrowing | 909.92 | 904.17 | 1,411.02 | 1,084.92 |
| Amount in ₹ Crore | ||||
| KPI | |
|---|---|
| Debt / Equity | 0.99% |
| RoNW | -0.61% |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | -0.25 | |
| P/E (x) | -327 | |
| Promoter Holding | 93.84% | 56.04% |
| Market Cap | ₹1897.61 Cr. | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLMs (including underwriting commission, brokerage and selling commission) | 30.92 |
| 2 | Commission/processing fee for SCSBs, Sponsor Banks and Bankers to the Offer. Brokerage, underwriting commission and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, CRTAs and CDPs. | 2.63 |
| 3 | Fees payable to the Registrar to the Offer | 0.00 |
| 4 | Fees payable to the legal counsels for drafting of Offer related documentation and assisting the BRLMs in conducting due diligence | 7.80 |
| 5 | Advertising and marketing expenses for the Offer | 7.97 |
| 6 | Printing and stationery expenses for the Offer | 1.18 |
| 7 | Other expenses: Listing fees, SEBI filing fees, Stock Exchange processing fees, book building software fees and other regulatory expenses | 4.22 |
| 8 | Other advisors to the offer such as Statutory Auditors, for preparing the Restated Consolidated Financial Information, the Proforma Consolidated Financial Information, statement of possible special tax benefits and for furnishing confirmations and certificates for purposes of the Offer, CRISIL Limited for preparing the industry report commissioned by and paid for by our Company, fees payable to the monitoring agency etc | 3.84 |
| 9 | Miscellaneous | 3.97 |
Last Updated on 26-Jun-2026 18:10:12
